$ Exchange Rates

[disneycymru]

Karen,

I hope I'm wrong but i doubt very much that it will reach the $2 mark. So I think you probably bought about the right time, given it is 15 cents higher than it was a few weeks ago! Congatulations

 

[JohnnySharp2]

I got $1.80 at Vacation Travel in Blackpool this morning, I tend to accumulate over a period of time but now we are sorted for August I don't need anymore.
Hope everyone gets a good rate.

 

[maggs]

It is difficult to know what the Fed Reserve are going to do.They did drop a hint that they may pause the rise in interest rates and that is why we have had such a favourable pound/dollar rate recently. However if higher oil prices filter into the cost of other goods and services and if lower home sales and prices dampen consumer spending then they could rasie interest rates and the rate for us could drop.

Maggs

 

[Kevin Stringer]

Has anyone ever used Crown Currency Exchange to pre-order currency 6 months from travel?
They are offering $1.8557 for our trip in October. I guess they take your money straight away and then send you the currency close to departure time.
I'm seriously considering using them and just wondered if anyone else had any experience doing this.

Thanks

Kev

 

[Amyrlin]

It may also be worth remembering that there are mid term electins so there will be pressure in the fed to leave intrest rates low, and the IMF has also called for the US to allow the currency to devalue.

We just don't know

 

[tony64]

I was wondering the same as Kevin Ref Crown CE as they are offering 1.822 on 10 turn around. I have never heard of they before so if anyone has used they I would appreciate their opinon.

 

[AlanUK]

Has anyone ever used Crown Currency Exchange to pre-order currency 6 months from travel?
They are offering $1.8557 for our trip in October. I guess they take your money straight away and then send you the currency close to departure time.
I'm seriously considering using them and just wondered if anyone else had any experience doing this.

Thanks

Kev

I considered using them but what concerned me was the fact that they would be holding my money for about 6 months and that if they went Bankrupt in that time then I would potentially get nothing back as I would just be another entry on their list of creditors and as an individual I would probably be very low down on the list For that reason I considered it too much of a risk. There was also the added factor of having to pay by card and getting hit with a fee for a cash advance

We got some $$ today from Thomas Cook for our trip in October at 1.802 which is great

 

[Miffy2003]

I considered using them but what concerned me was the fact that they would be holding my money for about 6 months and that if they went Bankrupt in that time then I would potentially get nothing back as I would just be another entry on their list of creditors and as an individual I would probably be very low down on the list For that reason I considered it too much of a risk. There was also the added factor of having to pay by card and getting hit with a fee for a cash advance

That was exactly my concern. I mulled this over a few months ago but I decide the potential risk was greater than the improved exchange rate.

 

[Amyrlin]

In another place, that I am not allowed to mention, there have been several people that have bought currency and it has been delivered on time as promised.

However, I must admit I would be cautious as well.

 

[Shane]

We changed around 1000 pounds last night into dollars, we got around 1.81, what has been the best we have seen for around a month and were off in under 3 weeks so thought we would snatch that deal, we acutally dont have to collect it intill 1 week before and theyve stated that 1.81 will be the lowest we get, even if the exchange rate goes down we will still get 1.81 or higher if it rises, we used direct holidays =)

 

[disneycymru]

Looks as if rates may have peaked with a slight decline today in the commercial rate. Decided to buy a thousand or so now then watch the rate to see if I buy anymore or use my new Nationwide Account when I go. Thanks to PaulH for the advice about the account as they seem the only bank that do an account without FX charges.

 

[Netty]

Any news on the fed reserve meeting today??

 

[maggs]

Yes, rates have risen, It was thought that there would be a pause in rates rising but there are many additional factors which have led to the increase. Have a look at this link and it should explain. It will be interesting to see how the dollar 'behaves' in the next few days.

http://news.bbc.co.uk/1/hi/business/4759707.stm

Maggs

 

[kristieuk]

For anyone holding out to buy their dollars - the rate has crept up slowly today - market rate is 1.88, so if it stays that way, tomorrow you should be able to buy at a tourist rate around 1.82 - 1.83. Fingers crossed!

 

[poody1]

onlinefx exchange rate up to $1.8231

 

[rpbert1]

it was $1.83 today in NI down 2 cents from yesterday

 

[Night-train]

Got $1.82 in Thomas Cook today. Ulster Bank were offering $1.8404 on travellers cheques.

 

[kazd]

$1.8271 on travelex today, should we buy or wait a bit longer. What is the consensus. I thought that I had read that if they put the rates up that the dollar would drop against the £ and we would get less $ for our £. Did I read that the wrong way.

 

[Amyrlin]

$1.8271 on travelex today, should we buy or wait a bit longer. What is the consensus. I thought that I had read that if they put the rates up that the dollar would drop against the £ and we would get less $ for our £. Did I read that the wrong way.

No you read it right, but it is never an exact science, and it looks like that 1/4% increase was not enough to stop the drop in vlaue fo the dollar, it has merely slowed it and it may be stabalising in the 1.8 - 1.88 region. The rise has had an impact, but not a lot of impact.

The thing with currencies is that it is not an science, anything is only ever speculation, otherwsie there would be no currency specutators and there would not be the need for currency markets.

It may go up, it may go down, nobody knows, just watch things and be prepared to miss the peak by a few cents or take the plunge. It is a good rate, you could always buy some know and wait for some.

 

[Night-train]

Got $1.82 in Thomas Cook today. Ulster Bank were offering $1.8404 on travellers cheques.

Took a quick look inside Ulster Bank this morning and the rate has jumped over 3 cents since yesterday!!! They're now offering $1.8708 on travellers cheques! Has anyone else noticed such a jump anywhere else today??